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Property Description

We are pleased to present for sale 5033 Voltaire Street, a 12-unit apartment complex in Ocean Beach, San Diego. Resting just two blocks from the ocean, this 1952-construction complex features all studio /1- bath units with new kitchens, granite countertops, and a combination of white and stainless-steel appliances. Unit rents have not been pushed to market and have a lot of room without further upgrades but see substantial rent raises through a higher tier renovation. With two long, bungalow style structures on a 6,329 SF lot, this apartment complex has a private courtyard for residents accessible through secure gated entry. Two off-street parking spaces rest at the rear of the property and there is on-site leased laundry for tenants. Ocean Beach offers an array of entertainment with shops, restaurants, beaches and attractions all within walking distance. This property is only two blocks from the beach resting in one of the highest demand rental markets in San Diego, making this property appealing to potential renters or future buyers. Ocean Beach is one of the closest beach communities to Downtown San Diego that has recently begun a visible transformation with new complexes, residences and stores flourishing across the neighborhood. This property is an excellent investment for the investor seeking a legacy asset in great condition with plenty of upside through further renovations. The investment gives the opportunity to an investor to own an asset in a supply constrained market allowing for long term appreciation.

Features
: Wall Furnace
Additional Information
Marcus & Millichap
0
SAND-680533
SAND-62951
Conor
4481213600

Commercial Sale For Sale

5033 Voltaire Street, San Diego, California 92107

$4,850,000
Listing ID #240014530SD
Basic Details
Status : Active
DaysOnMarket : 2
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 240014530SD
Price : $4,850,000
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92107
ModificationTimestamp : 2024-06-24 21:02:13
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